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HUSD, an Ethereum network-based stablecoin issued by Stable Universal Limited, has become the latest cryptocurrency to lose its parity with the U.S. dollar, tumbling by as much as 14.7% on August 18.
Binance, the world's leading cryptocurrency exchange, resumed stablecoin USDC withdrawals about eight hours after it announced a pause in the service on December 13 while it carried out a "token swap."
On January 31, the Hong Kong Monetary Authority (HKMA) stated that it would give priority to the supervision of stablecoins. The major global financial centre is striving to become a virtual asset center.